FAQs on Equity Grants

Introduction:

We are delighted that you have applied to join NetraScale Ltd. as an independent contractor and in due course, a shareholder. While we cannot and do not offer legal or financial advice to our contractors, we have prepared this general FAQ document to address questions that we get regularly.

• No, this equity is instead of cash, and it is not currently exchangeable for cash. If you are looking for a role that pays in cash, this is not the right role for you.

2. How soon can I cash in my equity?

• Even after your shares have vested (see 3 below), they will still not be able to be sold until there is a liquidity event (like a sale or IPO in relation to NetraScale Ltd.). There is no current timetable for a liquidity event.

3. When will I receive my equity ?

• New hires will receive a subscription agreement for their shares approximately a month after starting. Shares will typically vest in two tranches, with vesting schedules determined by when you joined NetraScale. Please refer to your specific contractor agreement for details.

4. How many shares will I receive ?

• This will be confirmed when an offer is made to you.

5. How much are the shares worth ?

• Consider these shares an investment. Today, they have no liquid value (i.e. they cannot be converted into cash) and cannot be sold or transferred.  At the point of a future liquidity event, vested shares will have a value that is determined by the liquidity event valuation. If that liquidity event involves an IPO or listing, then shares will thereafter have a public market value.